Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion
Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the
Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion
Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the
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De Beers’ Rough Sales Drop at Sixth Cycle
Gaborone: De Beers sold $530 million of rough diamonds at its July (6th) cycle amid a seasonal slowdown in the market, the company said Tuesday. “Demand for De Beers’ rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstream sector,” said CEO Bruce Cleaver. Revenue from the sixth sales cycle, including last week’s
GIT Urges Consumers to Buy Certified Diamonds
Bangkok: The Gem and Jewelry Institute of Thailand (Public Organization) or GIT advises consumers to only purchase diamond and diamond jewelry with certification from leading laboratories after CIBJO, the World Jewellery Confederation, remarked at its 2017 annual congress that increasing amount of synthetic diamonds are being circulated in the market. Ms. Duangkamol Jiambutr, the director of GIT revealed that due
India's Platinum Demand to Grow by 25% in 2018
Hyderabad: “India may achieve 20% to 25% growth in platinum jewellery sales during 2018. This year, we are expecting the total market for platinum jewellery to grow 20% to 25% more than 2017 at the retail level. At the same time, manufacturing demand will grow by 30% to 40%,” said Ms. Vaishali Banerjee, the Managing Director of Platinum Guild India Pvt.
Global Diamond Production Soars in 2017
Antwerp: The Kimberley Process (KP) has summed up global rough diamond production for 2017, saying production jumped 19% to 151 million carats last year. Production jumped 29% in value terms to $15.87 billion in 2017. The average price per carat increased 8% to $105 per carat. Russia was again the largest producer, recording an output of $4.11 billion in value terms and
De Beers’ Rough Sales Drop at Sixth Cycle
Gaborone: De Beers sold $530 million of rough diamonds at its July (6th) cycle amid a seasonal slowdown in the market, the company said Tuesday. “Demand for De Beers’ rough diamonds was in line with expectations during the seasonally quieter summer period for the industry’s midstream sector,” said CEO Bruce Cleaver. Revenue from the sixth sales cycle, including last week’s
GIT Urges Consumers to Buy Certified Diamonds
Bangkok: The Gem and Jewelry Institute of Thailand (Public Organization) or GIT advises consumers to only purchase diamond and diamond jewelry with certification from leading laboratories after CIBJO, the World Jewellery Confederation, remarked at its 2017 annual congress that increasing amount of synthetic diamonds are being circulated in the market. Ms. Duangkamol Jiambutr, the director of GIT revealed that due
India's Platinum Demand to Grow by 25% in 2018
Hyderabad: “India may achieve 20% to 25% growth in platinum jewellery sales during 2018. This year, we are expecting the total market for platinum jewellery to grow 20% to 25% more than 2017 at the retail level. At the same time, manufacturing demand will grow by 30% to 40%,” said Ms. Vaishali Banerjee, the Managing Director of Platinum Guild India Pvt.
Global Diamond Production Soars in 2017
Antwerp: The Kimberley Process (KP) has summed up global rough diamond production for 2017, saying production jumped 19% to 151 million carats last year. Production jumped 29% in value terms to $15.87 billion in 2017. The average price per carat increased 8% to $105 per carat. Russia was again the largest producer, recording an output of $4.11 billion in value terms and
